REGIS RESOURCES LIMITED — Interim / Quarterly Report 2007

Jul 30, 2007

REPORT FOR THE QUARTER ENDED 30 JUNE 2007

HIGHLIGHTS

DUKETON GOLD PROJECT

MOOLART WELL DEPOSIT

• 656 holes for 38,622m of new drilling in the Moolart Well gold deposit completed during the quarter;
• Significant new intersections in the laterite zone above 20m include:
  • 7m at 4.37 g/t gold from 7m in hole MWAC1919;
  • 6m at 5.48 g/t gold from 6m in hole MWAC1917.
• Significant new intersections in the oxide zone above 70m include:
  • 9m at 50.1 g/t gold from 62m in hole MWAC2123;
  • 14m at 36.3 g/t gold from 40m in hole MWSRC329;
  • 7m at 23.8 g/t gold from 64m in hole MWDD063.

DUKETON GOLD PROJECT DEVELOPMENT

• Golder Associates progressing on a major resource update;
• Low metallurgical and milling indices are positive for the project;
• Fresh rock gold ore metallurgical testing has commenced;
• Tailings Dam, Mine Village and Airstrip sites have been selected;
• Environmental referral document in preparation;

GOLD EXPLORATION

• Exploration drilling at Petra has intersected gold mineralization which warrants follow up drilling;

NICKEL EXPLORATION

• Initial diamond drilling at Collurabbie has not returned any economic metal grades to date;
• Hole CRD007 at Mocha does not contain any economic levels of metals;
• The initial drilling at Mocha has identified a new sequence of rocks highly prospective for Ni-Cu-PGE mineralization;
• This sequence has strong similarities to the Olympia sequence to the north, and with the Norilsk sequence in Russia;
• Significant further exploration is planned in this area to delineate the prospective sequence.

CORPORATE

• $3.6 million raised from existing and investors.

INTRODUCTION

Regis Resources NL ("Regis", ASX:RRL) is an Australian minerals explorer with extensive landholdings in the Eastern Goldfields of Western Australia. The most significant of these are the Duketon Gold Project and the Collurabbie Nickel Project north of Laverton. Regis also has tenement holdings in the Leonora-Laverton area.

REVIEW OF OPERATIONS

During the quarter ended 30 June 2007 the Company focussed on continuing the resource infill drill program and the detailed technical evaluation of the Duketon Gold Project, in particular the Moolart Well gold deposit; on gold exploration activities within the Duketon area; and on nickel exploration activities in the Collurabbie and Duketon blocks. A total of 928 holes for 58,817 meters were drilling on all projects during the quarter.

Duketon Gold Project Feasibility Study

Moolart Well Deposit

Geology and Resource Definition

During the quarter 656 holes for a total of 38,622 metres of resource definition drilling were completed at the Moolart Well and Erlistoun gold deposits (Table 1). The drilling is continuing the 50m x 25m resource infill program in the Stirling, Stirling South and Lancaster north pit areas at Moolart Well, a detailed infill program of 25m x 12.5m infill drilling on high-grade primary structures, and the 80m x 40m resource infill program at the Erlistoun satellite deposit. Assays have been received for most of the holes drilled, as well as for a number of holes drilled during previous quarter.

PROPERTY	TYPE	HOLE NOS	NO HOLES	METRES
Moolart Well	aircore	MWAC2000-2295	295	21,873
	RC	MWSRC203-342	339	14,213
Erlistoun	RC	ERLRC001-022	22	2,536
TOTAL			656	38,622

Table 1. Moolart Well – Resource Drilling Summary June Quarter 2007

Laterite Zone mineralisation

Significant new laterite zone intersections received during the quarter are summarised in Table 2. These new intersections were received principally as a result of drilling through the laterite ore zone to intersect shallow oxide mineralisation targets below. The new intersections highlighted are significantly higher grade than the current average laterite resource grade of 1.48 g/t gold at a 0.5 g/t cut-off grade. These intersections increase and extend the area of high grade laterite resource on the western edge of the Lancaster zone, and infill the high grade laterite zone previously defined at the Wellington zone. In conjunction with the 24 other intersections received above the 0.5 g/t cut-off grade (but not presented here) these intersections will be incorporated into the resource model and the resource calculation underway.

Hole No	Northing	Easting	From	To	Int	Gold
	mN	mE	m	m	m	g/t
MWSRC058	6944500	435675	5	8	3	3.29
MWSRC062	6944425	435675	4	8	4	3.10
MWSRC111	6944675	435675	2	5	3	3.55
			9	13	4	6.03
MWSRC122	6944700	435675	2	9	7	3.09
MWAC1917	6945700	435600	7	13	6	5.48
MWAC1918	6945725	435600	8	13	5	3.11
MWAC1919	6945725	435625	7	14	7	4.37

					Table 2. Summary of new Laterite Zone intersections, Moolart Well
--	--	--	--	--	-------------------------------------------------------------------	--	--

All Intercepts calculated using a 0.5g/t lower cut, no upper cut, maximum 2m internal dilution Holes drilled at 270 grid azimuth, -60˚ dip. All assays determined by 1m fire or screen-fire assay

Oxide Zone Mineralisation

Significant new oxide zone intersections from aircore and RC drilling at Moolart Well are summarised in Table 3 below. The intersections originate from the 50m x 25m infill drilling program predominantly in the Lancaster North and Stirling pit areas, and from 25m x 12.5m infill drilling in the same areas. The new intersections significantly increase the extent and continuity of the oxide mineralisation, and several high-grade lodes in the Stirling, Lancaster North and Wellington areas have been delineated in more detail.

Hole No	Northing	Easting	From	To	Int	Gold
	mN	mE	m	m	m	g/t
MWSRC143	6944775	435400	71	74	3	10.66
MWSRC187	6944275	435325	60	65	5	12.30
MWSRC204	6944375	435300	43	48	5	7.96
MWSRC214	6944400	435475	78	80	2	84.85
MWSRC240	6944575	435425	48	50	2	45.26
MWSRC246	6944350	435438	42	48	6	14.39
MWSRC249	6944400	435313	60	67	7	10.00
MWSRC268	6944800	435275	57	60	3	7.42
MWSRC285	6945750	435200	62	65	3	7.31
MWSRC289	6944850	435325	60	63	3	22.65
MWSRC306	6945000	435475	61	68	7	5.46
MWSRC312	6944750	435388	45	56	11	5.01
MWSRC329	6944375	435436	40	54	14	36.28
incl			41	44	3	162.7
MWAC1951	6944425	435400	53	58	5	5.87
MWAC2023	6945125	435225	27	30	3	13.42
MWAC2116	6944100	435425	21	25	4	16.65
MWAC2123	6944200	435338	62	71	9	50.1
incl			65	69	4	177.7
incl			66	67	1	411

Table 3. Summary of new Oxide Zone Intersections, Moolart Well

All Intercepts calculated using a 0.5g/t lower cut, no upper cut, maximum 2m internal dilution Holes drilled at 270 grid azimuth, -60˚ dip. All assays determined by 1m fire or screen-fire assay

Diamond Drilling

During the quarter assay results were received for 7 diamond holes previously drilled within the Moolart Well resource envelope for metallurgical test samples and for resource grade confirmation. Significant results are summarised in Table 4 below. These results confirm previously received high grades in the laterite zone at Lancaster and Lancaster North, and high grades in the primary L180 vein system in the oxide zone at Stirling (DD063).

Hole No	Northing	Easting	From	To	Int	Gold
	mN	mE	m	m	m	g/t
MWDD015	6944300	435788	9.0	19.0	10.0	2.77
MWDD023	6944450	435763	7.0	15.0	8.0	3.60
MWDD063	6944750	435410	64.0	71.0	7.0	23.80
incl			64.0	65.0	1.0	383
incl			66.0	68.0	2.0	24.75

	Table 4 Summary of new diamond drilling intersections, Moolart Well

All Intercepts calculated using a 0.5g/t lower cut, no upper cut, maximum 2m internal dilution Holes drilled at -60˚ dip. All assays determined by fire or screen-fire assay

Moolart Well Primary Mineralisation Zones

During the quarter significant RC drilling was completed on 25m x 12.5m centres to define in detail a number of high-grade primary vein systems intersected in the oxide zone, mainly in the Stirling and Stirling south areas. This drilling was also used to provide sufficient sample for metallurgical testwork on fresh ore below the base of weathering.

Results for new drilling intersections in the L180 vein zone, and possible southern extensions are included in the summary results tables above, and have been separately reported on. Wire-framing of infill-drilled portions of the defined vein systems is underway and it is intended that a number of these zones will be incorporated into the current resource calculation.

Erlistoun Satellite Deposit - Gold Resource drilling

The Erlistoun gold deposit is one of seven regional satellite resources located 40km to the south of the main Moolart Well deposit. Erlistoun currently has 1.4mt at 4.34 g/t gold for 193,000 oz of contained gold in inferred resource category (RSG 2002). The mineralisation is predominantly hosted in quartz veins, and the hard ore may provide a beneficial metallurgical component for the relatively soft Moolart Well laterite and oxide ores.

Twenty-two holes for 2,536m of infill drilling on 80m x 40m centres was completed at Erlistoun during the quarter. This 104 hole program is designed to bring the resource up to indicated category, and should be completed during the December quarter. Significant intersections received are summarised in Table 5 below.

Hole No	Northing	Easting	From	To	Int	Gold
	mN	mE	m	m	m	g/t
ERLRC002	6905320	434860	23	27	4	2.32
ERLRC005	6905000	434795	24	25	1	6.81
ERLRC006	6905040	434812	19	21	2	3.84
ERLRC011	6905240	434820	32	34	2	3.59
ERLRC012	6905242	434742	96	99	3	4.79
ERLRC013	6905240	434700	107	112	5	5.02

Table 5 Summary of new RC intersections, Erlistoun Deposit.
-------------------------------------------------------------

All Intercepts calculated using a 0.5g/t lower cut, no upper cut, maximum 2m internal dilution Holes drilled at -60˚ dip. All assays determined by fire or screen-fire assay

Moolart Well Resource Update

Consultant Hellman and Schofield is completing a program of QAQC investigation (Quality Assurance Quality Control) covering all Moolart Well laterite and oxide drilling data. Database verification and audit, drillhole assay comparison and laterite and oxide zone statistical analysis has been completed. Finalisation of the program is expected shortly.

Consultant Golder Australia has commenced a resource update based on all drilling completed to 10 July 2007, including all results referred to in this report, and incorporating wireframed portions of the deeper vein system.

Metallurgy

Detailed metallurgical characterisation of the Moolart Well deposit gold ores continued during the quarter. This included crushing and grinding tests, leach testing, optimum milling parameter determination, pulp density and viscosity determinations, oxide ore scrubbing tests, reagent consumption, preliminary heap leach testwork, and the commencement of fresh rock ore metallurgical program.

The baseline comminution program for Moolart Well ores has been completed. An investigation of the crushing and grinding characteristics is summarised in Table 6 below. The Crushing Work (CWI) index of both laterite and oxide ores is very low with only minor variation. Based on a target grind of P80 =150µm, the Bond Work Index (ball mill, BWI) is also very low for oxide ore, but varies from 14-20 for laterite ore with an average of 17. For a 2:1 laterite:oxide blend, a value of 12 kWhr/t is expected. The Bond Abrasion Index (Ai) of both ore types is very low.

Ore	Crushing WorkIndex kWhr/t	Bond Work IndexkWhr/t	Bond AbrasionIndex
Laterite ore	2.3-6	14-20, ave 17	0.034 max
Oxide ore	low	7	0.034 max
2:1 blend	3	12	0.034 max

	Table 6 Crushing and Grinding Characteristics of Moolart Well Ores.
--	---------------------------------------------------------------------	--	--

Based on either 100% laterite ore or 2:1 laterite:oxide ore feed, Orway Mineral Consultants are completing a report on the preferred milling configuration for the Duketon Gold Project. Preliminary reports suggest that a low-aspect sag mill with a ball charge will be needed to treat the available oxide ores. No evaluation of primary (fresh rock) ores has been undertaken to date.

Recent oxide ore testwork indicates that a significant grade increase may be obtained by scrubbing, followed by screening at 0.85mm. Grade upgrades of 200-300% have been achieved in the coarse fraction from typical oxide ore samples. The potential exists to significantly upgrade low-grade oxide ore with an average head grade of approximately 0.5g/t. This data is consistent with the significant proportion of coarse (gravity) gold in Moolart Well oxide ore.

Further cyanide (CN) leach tests have been undertaken on laterite and oxide ores to extend the characterisation to new pit areas in the Moolart Well deposit. These results have confirmed the CN consumption levels of 0.3-0.5 kg/t for laterite and 0.7- 0.8g/t for oxide ores, similar to those reported earlier. Lime consumptions of 9-10kg/t for laterite and 4-5kg/t for oxide ore have been received for recent samples, and these results are higher than those previously determined. Further investigations on the reasons for these consumption levels are underway. In general, these results have reinforced the view that the optimum grind size for Moolart Well ores is 150µm.

Testing of low grade laterite ore for heap leach processing has shown that required recoveries are only achievable at crush sizes of 3mm or below. This implies that heap leaching is not a viable option for low-grade laterite ore processing.

Metallurgical testwork on mineralised fresh rock zone beneath the base of weathering has commenced. Samples from recent drilling the L180 vein system in the Stirling pit area have been collected and will be analysed for gold species and associated ore element chemistry, as well as CN leach characteristics.

Infrastructure

The preferred location for the Moolart Well processing plant site has been selected within the existing project Mining Leases. Aboriginal heritage and archaeological clearances have been completed, and sterilisation drilling is planned to commence shortly.

Over 60 line km of gravity surveying have been completed as part of the development of a water supply for the proposed Moolart Well processing facility. Several targets have been identified and aboriginal heritage survey clearances are planned to commence shortly. The Stage 2 delineation drilling program is scheduled to be completed in the September quarter.

A preferred tailings dam site and design has been selected, and archaeological clearance and sterilisation drilling is planned to commence shortly.

Field evaluation for an airstrip to service the Moolart well operations have been completed and design and access issues are being evaluated. The site for the permanent mine village has been selected and a detailed assessment of the location is underway. Mine site access road options from existing roads in the area are being evaluated.

Environmental

Preparations are continuing for the lodgement of an Environmental PA referral document for the proposed Duketon Gold Project, centred on the Moolart Well gold deposit.

Fig 1 Moolart Well Deposit– Oxide Mineralisation Zones, 20-70m vertical depth.

Gold Exploration Activities

During the quarter gold exploration activities outside of the Duketon Gold Project areas centred on the Ventnor and Petra areas in the Duketon Central region to the south and west of Moolart Well, and on regional soil sampling programmes at Moolart North, Burtville and Murphy Hills.

PROSPECT	TYPE	HOLE NOS	NO HOLES	METRES
Ventnor	aircore	DBAC001-057	57	4,200
Petra	aircore	PTRAC001-051	51	3,546
TOTAL			108	7,746

Table 7. Gold Exploration Drilling Summary June Quarter 2007

Ventnor M38/316 and 317

At the Ventnor gold prospect 3km south of Moolart Well, 57 aircore holes for 4,200m were drilled to test the extent of low-grade gold mineralisation in sheared basalt and diorite. Moderate gold results were received, and further assessment is planned.

Petra E38/1111

A first-pass 51 hole program was completed at the Petra prospect in the central Duketon area to follow up known gold mineralisation in the area associated with quartz sericite schists. Significant results are listed in Table 8 below. Further evaluation of these results is planned.

Hole No	Northing	Easting	From	To	Int	Gold
	mN	mE	m	m	m	g/t
PTRA017	6937005	426640	12	24	12	2.12
PTRA018	6936993	426593	21	24	3	4.63
			59	70	11	2.76
PTRA024	6936526	427079	63	64	1	16.10
PTRA040	6936080	427009	43	51	8	1.31

Table 8 Petra Prospect drilling– anomalous gold results.

Regional Exploration

During the quarter a program of first pass soil sampling was completed over the Moolart south, Moolart north, Duketon Central, Burtville and Murphy Hills areas. A total of 9,177 samples were collected. Assays are awaited.

Nickel Exploration Activities

During the quarter nickel exploration activities consisted of a continuation of the transient electromagnetic (TEM) survey program, geochemical drilling and diamond drilling of nickel sulphide targets at Collurabbie; and TEM surveying of nickel targets in the Duketon block. A summary of nickel exploration drilling is given below. In addition, assays have been received from holes CRDD001-4 and for CRD007.

PROSPECT	TYPE	HOLE NOS	NO HOLES	METRES
Collurabbie	diamond	CRDD003-008	5	1,242
Collurabbie	aircore	CRAC1311-1470	160	11,261
TOTAL			164	12,449

			Table 9. Nickel Exploration Drilling Summary June Quarter 2007
--	--	--	----------------------------------------------------------------

Collurabbie Nickel Project

The Collurabbie region comprises three ultramafic zones (Western Ultramafic Zone, Central Ultramafic Zone and Eastern Ultramafic Zone) and a number of extensive mafic sills (Fig 2). The Olympia Ni-Cu-PGE (platinum group element) massive sulphide mineralisation, discovered by BHP Billiton Ltd 5km to the north and adjoining the Regis tenements, is interpreted to occur adjacent to the northern extension of Regis' Western Ultramafic Zone terrane.

Collurabbie Diamond Drilling Program

The Collurabbie deep diamond drilling program continued during the quarter, with five holes completed and a further hole commenced for a total of 1,241.7m (Table 10). The holes are targeted on geochemical or geophysical anomalies arising from the first pass exploration program completed in December 2006. The program is ongoing with hole DD008 at Batavia recently commenced.

Hole No	Property	Northing	Easting	Depth	Target
		mN	mE	M
					TEM, Ni geochem
CRDD003	Tasman 25-28	6994300	419685	302.8	anomaly
					TEM, Ni geochem
CRDD004	Tasman 72-73	6999623	419490	276.4	anomaly
	WUZ				TEM, Ni geochem
CRDD005	Aquila	7009000	422000	225.1	anomaly
					TEM, Ni geochem
CRDD006	WUZ	7015850	423520	294.3	anomaly
CRDD007	Mocha	6993450	423175	393.1*	TEM anomaly
CRDD008	Batavia	6994815	423375	50**	TEM anomaly

Table 10 Collurabbie Diamond drilling summary

* includes wedge hole ** drilling ahead at 50m

Fig 2 Collurabbie Nickel Province.

Sligo Nickel Prospect (Regis 100%)

Assays have been received from the four massive sulphide units and 16.1m of matrix sulphides from hole CRDD001 drilled in the previous quarter at the Sligo Prospect. The sulphides are pyrrhotite-dominant with lesser pyrite, and no economic metal contents have been reported. The TEM conductor tested by this hole occurs some distance to the east of the anomalous Ni-Cu in shallow geochemical drilling. Further geochemical sampling and TEM surveying is planned in this area to fully delineate the anomalous stratigraphy, and further drilling is planned.

Fig 3 Collurabbie Diamond Drilling Locations.

Mocha Nickel Prospect (Regis 100%)

Diamond drillhole CRDD007 was drilled at the Mocha prospect to test a strong TEM anomaly in an isolated position in an area mapped as granite. The hole intersected a diorite-pyroxenite sequence containing 153m of sulphides including 17.6m of massive sulphides, and cumulate-textured pyroxenites-magnetite rocks with sulphide matrix. Initial interpretation suggests the presence of a differentiated low-magnesium intrusive sequence, probably a series of thick sills.

Assays for the sulphide interval have been received, and the hole does not contain any levels of economic metals.

The hole however, has intersected a new rock sequence in the region that is highly prospective for nickel-copper-platinum group element mineralisation. This association is unrelated to the komatiite-related nickel deposits elsewhere in the Archaean of Western Australia, and appears to be similar to the mineralisation style described at Olympia to the north. Globally, the rock sequence at Mocha has more in common with the low-MgO Norilsk-style of mineralisation in Russia than the ultramafic Kambalda style.

Extensive geochemical and geophysical exploration is planned in the Mocha-Batavia-Sligo region in the current quarter to further delineate the prospective sequence. Diamond hole CRDD008 has commenced at the Batavia prospect (see below) which is similar in style to Mocha, but significantly larger. Results are expected in the current quarter.

REPORT FOR THE QUARTER ENDED 30 JUNE 2007

Fig 4 Interpretative Mocha Cross-section, Collurabbie.

Fig 5 Mocha-Batavia-Sligo area, Collurabbie.

Tasman Nickel prospect (Regis 100%)

Diamond drillhole CRD003 was designed to test a coincident TEM anomaly and nickel-copper geochemistry known as Tas 25-28 located within the Archean ultramafic sequence. Modelling of the conductor indicates a body 400m long. Hole CRDD003 was drilled to target depth of 302.8 metres and intersected massive peridotite and olivine peridotite flows and low-MgO pyroxenites, with only minor disseminated sulphides. No obvious source of the TEM conductor was detected and further exploration is planned.

Tasman North Nickel prospect (Regis 80%, Falcon Minerals 20%)

Diamond hole CRDD004 was drilled in the Tasman North area of the Western Ultramafic Zone (WUZ) and designed to test TEM conductor Tas 72-73 and coincident anomalous Ni-Cu geochemistry within ultramafic saprolite. The hole intersected disseminated and vein sulphides over several intervals in pillow basalts and sheared and altered ultramafic cumulates. A strongly sulphidic chert was intersected at 235m which may explain the TEM anomaly. No economic metal levels were returned. Further evaluation is planned, but the anomaly has been downgraded.

Diamond hole CRDD005 was drilled at the Aquila prospect in the central portion of the WUZ to test a subtle TEM anomaly and strongly anomalous Ni-Cu geochemistry (26m at 0.41% Ni from 20m in hole RB1167) in the saprolite weathered zone. The hole intersected an ultramafic sequence of altered peridotite and olivine peridotite with only minor disseminated pyrite and pyrrhotite. The prospect has been downgraded.

Diamond hole CRDD006 was drilled in the northern WUZ to test a significant Ni-Cu geochemical anomaly within a thin ultramafic unit which occurs on the eastern side of the main ultramafic sequence. The hole intersected a thick, cumulate peridotite with thin interbedded shale, pillow basalt and pyroxenites with minor disseminated sulphides. No economic level of metals were determined.

Duketon Block Nickel

During the quarter 15 line km of TEM was completed over the Moolart North nickel anomaly and in the Moolart Well mine area.

At Moolart North, TEM survey results have returned only weak conductors thought to be displaced from the known anomalous Ni geochemistry. These anomalies are interpreted at this stage to occur on stratigraphic contacts. The TEM surveying does not indicate the presence of any conductor is association with previous nickel drill intersections of 3m at 1.29% Ni in hole MNAC122 in the oxide zone. Further evaluation of the ultramafic sequence in this area is proposed.

In the Moolart Well mine area, 3 reconnaissance TEM lines were surveyed over the south eastern portion of the deposit. A moderate TEM anomaly was defined to the south of the Lancaster gold pit area. This may be associated with stringer sulphides previously noted in the ultramafic rock sequence beneath the Lancaster gold mineralisation. Further exploration of this feature is proposed.

Laverton-Leonora Exploration Projects

Copper Well Joint Venture (Regis 100-85%, manager) No field work was undertaken during the quarter.

Melita Joint Venture (Regis earning 70% and manager)

No field work was undertaken during the quarter.

Corporate

Capital Raising

Regis completed the raising of $3.68 million of new capital subsequent to the end of the quarter. The funds were raised from existing and new institutional and professional investors.

The funds from the issue will be used for working capital purposes, to fund the feasibility study for the Duketon Gold Project including orders on long-lead items for the proposed Moolart Well gold processing facility, and to fund current gold and nickel exploration programmes including deep diamond drilling at Moolart Well and Collurabbie in the Eastern Goldfields of Western Australia.

The technical information in this report has been reviewed and approved by Mr D Walker who is a member of the Australasian Institute of Mining and Metallurgy and has more than 20 years experience in the industry.

Attached is a copy of the Company's Mining Exploration Entity Quarterly report in accordance with Listing Rule 5.3.

DA WALKER Managing Director 31 July 2007

Appendix 5B

Rule 5.3

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.

Name of entity

REGIS RESOURCES N.L.

ABN Quarter ended ("current quarter") 28 009 174 761 30 June 2007

Consolidated statement of cash flows

			Current quarter	YTD
	Cash flows related to operating activities		$A'000	(12 Months)
				$A'000
1.1		Receipts from product sales and related debtors	-	-
1.2	Payments for	(a) exploration and evaluation	(4,344)	(6,750)
		(b) development	-	-
		(c) production	-	-
		(d) administration	(457)	(1,289)
1.3	Dividends received		-	-
1.4	received	Interest and other items of a similar nature	90	245
1.5	Interest and other costs of finance paid		-	-
1.6	Income taxes paid		-	-
1.7	Other (provide details if material)		(179)	(353)
	Net Operating Cash Flows		(4,890)	(8,147)
	Cash flows related to investing activities
1.8	Payment for purchases of:
		(a) prospects	-	-
		(b) equity investments	-	-
		(c) other fixed assets	(262)	(661)
1.9	Proceeds from sale of: (a) prospects		-	-
		(b) equity investments	-	-
		(c) other fixed assets	-	-
1.10	Loans to other entities		-	-
1.11	Loans repaid by other entities		-	-
1.12		Other (provide details if material) See attached	68	(5,747)
	Net investing cash flows		(194)	(6,408)
1.13	forward)	Total Operating and investing cash flows (carried	(5,084)	(14,555)

+ See chapter 19 for defined terms.

1.13	Total operating and investing cash flows (broughtforward)	(5,084)	(14,555)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc.(NET)	6,245	11,615
1.15	Proceeds from sale of forfeited shares	-	-
1.16	Proceeds from borrowings	-	-
1.17	Repayment of borrowings	-	-
1.18	Dividends paid	-	-
1.19	Other (provide details if material)	(1,269)	-
	(See additional information Item 1.19)
	Net financing cash flows	4,976	11,615
	Net increase (decrease) in cash held	(108)	(2,940)
1.201.21	Cash at beginning of quarter/year to dateExchange rate adjustments to item 1.20	1,619-	4,451-
1.22	Cash at end of quarter	1,511	1,511

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

		Current quarter$A'000
1.23	Aggregate amount of payments to the parties included in item 1.2	127
1.24	Aggregate amount of loans to the parties included in item 1.10	-
1.25	Explanation necessary for an understanding of the transactions

Non-cash financing and investing activities

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
• 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

Financing facilities available

Add notes as necessary for an understanding of the position.

		Amount available$A'000	Amount used$A'000
3.1	Loan facilities	-	-
3.2	Credit standby arrangements	-	-

+ See chapter 19 for defined terms.

Estimated cash outflows for next quarter

	Total(See Note 7.4 regarding capital raising)	6,300
4.2	Development	-
4.1	Exploration and evaluation	6,300
		$A'000

Reconciliation of cash

Reconciliation of cash at the end of the quarter(as shown in the consolidated statement of cashflows) to the related items in the accounts is asfollows.		Current quarter$A'000	Previous quarter$A'000
5.1	Cash on hand and at bank	1,494	1,602
5.2	Deposits at call	17	17
5.3	Bank overdraft	-	-
5.4	Other (provide details)	-	-
	Total: cash at end of quarter (item 1.22)	1,511	1,619

Changes in interests in mining tenements

		Tenementreference	Nature of interest(note (2))	Interest atbeginningof quarter	Interest atend ofquarter
6.1	Interests in miningtenementsrelinquished, reducedor lapsed	E38/348	Expired	100%	0%
6.2	Interests in miningtenements acquired orincreased	M38/498M38/499M38/500M38/589M38/600	GrantedGrantedGrantedGrantedGranted	0%0%0%0%0%	100%100%100%97%70%
		M38/601	Granted	0%	70%

+ See chapter 19 for defined terms.

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

		Total number	Number quoted	Issue price persecurity (see note3) (cents)	Amount paid up persecurity (see note 3)(cents)
7.1	+Preferencesecurities(description)	-	-	-	-
7.2	Changes duringquarter
	(a) Increasesthrough issues(b) Decreasesthrough returns of	-	-	-	-
	capital, buy-backs,redemptions	-	-	-	-
7.3	+Ordinarysecurities	1,226,333,316	1,226,333,316	-	-
7.4	Changes duringquarter
	(a) Increasesthrough issues	81,628,515	81,628,515	$0.08	$0.08
	(b) Decreasesthrough returns ofcapital, buy-backs	-	-	-	-
7.5	+Convertible debtsecurities(description)	-	-	-	-
7.6	Changes duringquarter
	(a) Increasesthrough issues	-	-	-	-
	(b) Decreasesthrough securitiesmatured,converted.	-	-	-	-
7.7	Options			Exercise price	Expiry date
	(description andconversion factor)	95,268,936	95,268,936	$0.05	31 January, 2014
		25,766,07938,970,230	25,766,07938,970,230	$0.20$0.10	30 April, 201230 October, 2012
		12,900,000	-	$0.12	25 November, 2010
		8,280,000	-	$0.1146	31 October, 2011
		450,000	-	$0.1088	7 December, 2011
		18,005,000	-	$0.0918	15 June, 2012
7.8	Issued duringquarter	18,005,000	-	$0.0918	15 June, 2012
7.9	Exercised duringquarter	-	-	-	-
7.10	Expired duringquarterForfeited	--	--	--	--
7.11	Debentures
	(totals only)	-	-
7.12	Unsecured notes(totals only)	-	-

+ See chapter 19 for defined terms.

Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Law or other standards acceptable to ASX (see note 4).
• 2 This statement does give a true and fair view of the matters disclosed.

Sign here:	Peter Lee	Date: 31 July 07
	(Company Secretary)

Print name: Peter J. Lee

Notes

• 1 The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
• 2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.
• 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities*.*
• 4 The Appendix 5B has been prepared in accordance with Australian equivalents to international financial reporting standards, subject to any disclosure reclassifications that may be required for statutory accounting presentations under these standards.
• 5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

+ See chapter 19 for defined terms.

MINING EXPLORATION ENTITY QUARTERLY REPORT

REGIS RESOURCES N.L. ABN 28 009 174 761 For Quarter Ended 30 June 2007 (referred to in this Statement as the "Current Quarter")

ADDITIONAL INFORMATION

Item 1.2 Cash flows related to operations – payments for exploration and evaluation

Cash outflows for exploration and evaluation are shown in this statement as cash flows related to operations on the basis that the group's operational activity is minerals exploration and evaluation. For statutory reporting purposes in the financial statements for the full year, these cash flows may be required to be reclassified to investing activities for compliance with current applicable accounting standards.

Item 1.12 Cash flows related to investing activities - Other

	June 07 Qtr$A '000	YTD$A '000
Infows/(Outflows):
Investments in associates	-	(5,166)
(Company's share of exploration expenditure on projectsaccounted for as investments in associates (see note))
Acquisition costs	(5)	(162)
(Transaction costs paid to acquire interest in subsidiary)
Performance bonds	73	(419)
(Amounts paid to bank/contributed by joint venture partners assecurity for environmental performance bonds issued inrelation to exploration/mining tenements)
Total Inflows/(Outflows):	68	(5,747)

Note: On 14 December 2006 the Company acquired a further 51% interest in Duketon Resources Pty Ltd, which had, up to this time, been the most significant associate to which these cash flows related. All exploration and evaluation expenditure of Duketon Resources Pty Ltd post 14 December 2006 has been included in consolidated operating cash flows.

Item 1.19 Cash flows related to financing activities - Other

Reclassification of cash receipts in previous quarter related to applications for new shares that were allotted in current quarter - $1,269,000. See note for Item 7.4.

+ See chapter 19 for defined terms.

MINING EXPLORATION ENTITY QUARTERLY REPORT

REGIS RESOURCES N.L. ABN 28 009 174 761 For Quarter Ended 30 June 2007 (referred to in this Statement as the "Current Quarter")

ADDITIONAL INFORMATION (continued)

Item 7.4 Ordinary Securities

Issued during the current quarter

On 5 April 2007, 16,366,000 fully paid ordinary shares in the Company were issued at an issue price of $0.08 per share, raising $1,309,280.

On 18 April 2007, 52,762,515 fully paid ordinary shares in the Company were issued at an issue price of $0.08 per share, raising $4,221,001.

On 26 April 2007, 12,500,000 fully paid ordinary shares in the Company were issued at an issue price of $0.08 per share, raising $1,000,000.

The total value of the placements described above is $6,530,281 (gross of fees and related costs).

Issued after the current quarter

On 31 July 2007, 30,700,000 fully paid ordinary shares in the Company were issued at an issue price of $0.12 per share, raising $3,684,000 (gross of fees and related costs).

Item 7.7 Options

Listed

25,766,079 options maturing 30 April 2012 at an exercise price of $0.20 per option. The options are exercisable any time after January 1, 2002. Each option will convert to one fully paid ordinary share.

38,970,230 options maturing 30 October 2012 at an exercise price of $0.10 per option. The options are exercisable any time after 1 July 2003. Each option will convert to one fully paid ordinary share.

95,268,936 options maturing 31 January 2014 at an exercise price of $0.05 per option. The options are exercisable any time. Each option will convert to one fully paid ordinary share.

Unlisted

12,900,000 options expiring 25 November 2010, issued under the 2005 Employee Share Option Plan, with an exercise price of 12 cents per option. Upon exercise, each option will convert to one fully paid ordinary share. These options cannot be exercised until after 25 November 2007. For each participant 50% of the options are only exercisable if the share price increases to 15 cents and the balance are only exercisable if the share price increases to 18 cents.

8,280,000 options expiring 31 October 2011, issued under the 2005 Employee Share Option Plan, with an exercise price of 11.46 cents per option. Upon exercise, each option will convert to one fully paid ordinary share. These options cannot be exercised until after 31 October 2008. For each participant the options are only exercisable if the share price increases to 14.33 cents.

+ See chapter 19 for defined terms.

MINING EXPLORATION ENTITY QUARTERLY REPORT

REGIS RESOURCES N.L. ABN 28 009 174 761 For Quarter Ended 30 June 2007 (referred to in this Statement as the "Current Quarter")

ADDITIONAL INFORMATION (continued)

Item 7.7 Options (continued)

Unlisted (continued)

450,000 options expiring 7 December 2011 issued under the 2005 Employee Share Option Plan, with an exercise price of 10.88 cents per option. Upon exercise, each option will convert to one fully paid ordinary share. These options cannot be exercised until after 7 December 2008. 50% of these options are only exercisable if the share price increases to 13.6 cents and the balance are only exercisable if the share price increases to 16.32 cents.

During the current quarter, 18,005,000 options expiring 15 June 2012 were issued under the 2005 Employee Share Option Plan with an exercise price of 9.18 cents per option. Upon exercise, each option will convert to one fully paid ordinary share. 33% of these options can be exercised on or after 15 June 2007, the second 33% of these options cannot be exercised until or after 15 June 2008, and the remaining options cannot be exercised until 15 June 2009.

+ See chapter 19 for defined terms.